Piraeus Port Authority S.A. announced its financial results for fiscal year 2025, reporting record-high revenue and EBITDA, as well as strong performance across its key business segments. Total revenue amounted to €250.8 million, increased by 8.6% or €19.9 million...

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The Maritime Technologies Forum (MTF) today announced the publication of new guidelines to support companies in developing and implementing Safety Management Systems (SMS) for ships equipped with Wind Assisted Propulsion Systems (WAPS). The guidelines offer a...

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The Additional War Risk Premium for moving tankers across the Persian Gulf eased in the week ended March 27 as more ships crossed the risky waters of the Strait of Hormuz amid hopes that an agreement may eventually be reached to end the war in the Middle East, market...

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The International Chamber of Shipping (ICS) and the International Transport Workers’ Federation (ITF) have met representatives from Gulf States to address the ongoing conflict and its direct impact on seafarers and shipping in the Gulf. The meeting comes four weeks...

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Clean tanker rates for Europe-bound cargoes from the US Gulf surged to multiyear highs in March, driven by stronger US refined product exports and tightening vessel availability, market analysts said. Platts assessed the rate to carry a 38,000 metric ton clean cargo...

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The Baltic Exchange’s dry bulk freight index, which monitors rates for ships carrying dry bulk commodities, was down for a second session on Tuesday, falling 1.1% to a near three-week low of 1,995 points. The capesize index, which typically transport 150,000-ton...

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